Coinswipe, the “Tinder for ICOs” has filed a Form D 506c with the Securities and Exchange Commission indicating its intent to raise $10 million in funding.
Tinder is, of course, the very popular “dating” App that allows users to swipe right or left and express their interest in a potential partner. Coinswipe wants to do the same but for initial coin offerings.
Apparently users will be rewarded with Coinswipe tokens once they share their wisdom. This crowd-sourced type evaluation of ICOs hopes to separate the good ICOs from the bad and terrible.
“Coin Swipe rewards users for identifying weak projects or correctly identifying winners, helping the crypto community make better decisions as a group. Working together, this collective ‘Hive Mind’ will increase trust in crypto projects and make the ICO and blockchain market more secure.”
According to the Form D, Coinswipe is looking to issue: equity, debt, Options/Warrents and/or a security to be acquired upon exercise of the option.
If you are interested, Coinswipe is registering users for early access to the Beta version.
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